Technical Analysis is the study of the behavior of the market and market participants. We try and identify the direction of the primary trend and invest accordingly. As Technicians we can apply our price-focused approach to any market, whether it's stocks, commodities, currencies or even Bitcoin. If it is liquid and driven by the supply and demand dynamics in that particular market, then applying our methods of price analysis makes perfect sense and it works very well.
I jumped on board the Bitcoin train last year and added it to my Research Platform. Our clients really enjoy it, whether they are actively trading it or just interested in the product. To be honest, one of the biggest reasons why I decided to start including it in my weekly analysis is because I saw an opportunity to profit from this market. At the end of the day, isn't that why all of us are looking at these charts in the first place, Bitcoin or otherwise?
For me it's not just about buying a group of stocks, but about buying the strongest members of that group. I am a firm believer that by erring on the long side of relative strength or erring on the short side of relative weakness, the odds of a continuation in trend is much greater than the odds of a reversal. Therefore, there is a higher probability of success by following trend, rather than trying to fight trends. So today I want to talk about how we're going to take this top/down approach and apply it to find profitable trades this month in Energy stocks.
Hey guys, I could really use your help with this. I'm trying to a consensus answer on the list of the 10 most important liquid assets on earth. I've given this a lot of thought and have come up with mine. But I want to know what you think. I'll post the poll results at the end of the week. Here is my list in no particular order:
I'm lucky that I get a chance to read a lot and converse with really smart market participants all the time. So there are many lessons that I've gotten to learn the easy way, from my predecessors and colleagues. But there are some lessons that damn it you just need to learn on your own. For me one of those lessons was trading stocks near flat 200 day moving averages. And when I say "stock", this can refer to an ETF, Commodity Futures, Index, etc. But when they're near their directionless longer-term smoothing mechanism, you're begging for trouble. If you like headaches, trade stocks near flat 200 day moving averages.
Register here for our live monthly conference call for Premium Members of All Star Charts India.
March's Strategy Session will be held on Tuesday, March 2nd at 7 PM IST. As always, if you cannot make the call live, the video and slides will be archived and published here along with all of our past conference calls.
I'm lucky in that I learned early in my career that we're in a global market place. The United States, while it is certainly important, is just one country within a massive interconnected global market. We see this more and more every day. Many choose to focus on US Stocks, and that's fine. But I think even if that's the case, approaching the market globally is not only an advantage, but becoming more of a necessity with each day that passes.
Today I want to share a chart that really tells an interesting story about what is actually happening in stocks around the world. I've taken the 10 largest exchanges in the world, including both developed and emerging markets, and equally-weighted each of them to create an All Star Charts Top 10 Global Exchanges Index. You can see embedded in the chart, the exact list of components:
Every month I host a conference call for All Star Charts Premium Members where we discuss ongoing themes throughout the global marketplace as well as changes in trends where new positions would be most appropriate. This includes U.S. Stocks & Sectors, International Stock Indexes, Commodities, Currencies and Interest Rate Markets.
Over the past 10 days I have been traveling throughout southeast Asia learning new strategies and perspectives from local traders and investors. I'm lucky that I truly love what I do and the evolution of my process is far from complete. Every day the world is getting smaller and more interconnected than ever. Although cultures my be very different, the human psyche is universal. Our emotions controlled by fear and greed can be seen everywhere from New York City, to St. Louis, MO to London, to Kuala Lumpur. The difference is simply the perspective from which each investor sees the world, and therefore the marketplace. Trying to get inside the mind of these investors has been a fascinating process and I firmly believe that it gives me a leg up over everyone else.
Today I wanted to talk about something that I've never really written about here before but I think is a really important point that I want to make sure I get across. I'm lucky that I get to chat with investors all over the world on a daily basis. Whether you are a professional investor with 30 years of experience, or a student in Hong Kong who just made his/her first trade, I am always willing to chat. Not only does this help me learn about different strategies, objectives and cultures, but also helps give me perspective from all sorts of different angles.
These are the recorded video presentations from Chart Summit, the first ever Virtual Technical Analysis Conference. Premium Members of Allstarcharts get private access to these videos to view at your own pace. I hope you get as much value out of these as I did.
The first ever Chart Summit was a huge success. I can't believe how awesome that was. Considering this was 100% virtual and presenters and audience members were logging in remotely from every part of the world, we managed to get through it without many hiccups. Most of the videos have been published correctly and audience members are able to go back and get through about 95% of all the content. Not bad. I think we'll take it.
The feedback has been amazing so thank you to everyone who helped make this possible, including our presenters, our sponsors and, most importantly, to our audience who showed up with enthusiasm to learn! I love to see so much excitement towards the discipline of Technical Analysis. I did everything I could with the hope that my predecessors who first broke barriers for us Technicians back in the 1960s and 70s would be proud of what we were able to accomplish last week.